Portable Electronics Vendor

Effective Jan. 1, 2012, a vendor may not issue, sell or offer for sale portable electronics (cell phones, tablets, etc.) insurance coverage unless the vendor has been issued a limited license by the Department of Consumer and Business Services Insurance Division.

This limited license is only available to a business entity that sells portable electronics devices.

The license will be issued for two years and will expire on the last day of the same month in which the license is issued. The license class on the license will be listed as "portable electronics vendor." The initial cost of a license is $200.

License Application: Word | PDF

Renewal fee

The renewal fee will be $200 for completed renewal applications postmarked by the license expiration date. Renewal applications postmarked after that date must pay a $50 penalty fee in addition to the renewal fee, to reinstate the license.

Required disclosure

Oregon law requires that written materials concerning the portable electronics insurance coverage is made available to prospective customers. The material must disclose the following information:

1. That portable electronics insurance coverage may duplicate coverage already held by the customer, including but not limited to homeowner's insurance or renter's insurance
2. That issuance of portable electronics insurance coverage is not required for the customer to purchase or lease portable electronics
3. The material terms of coverage, including but not limited to:
   
   1. The identity of and contact information for the insurer or the supervising entity that issued the insurance policy to the vendor policyholder
   2. The amount of any applicable deductible and how the deductible is required to be paid when a claim is made;
   3. The benefits of coverage; and
   4. Whether the covered portable electronics will be repaired or replaced with a similar make and model, with a new or reconditioned device, accessory or part, or with a device, accessory or part from other than the original manufacturer
4. The process and requirements for returning portable electronics, and any fees that will apply in the event the enrolled customer does not comply with the process and requirements; and
5. That the enrolled customer may cancel the portable electronics insurance coverage at any time and that the person paying the premium shall receive a refund of the unused portion of any amount that has been paid for coverage. A reasonable administrative fee may be charged in an amount not to exceed 10 percent of the refund due.

The employee training syllabus must also be filed with the Insurance Division with the application.

Contact information

A vendor licensed under this section shall annually update the contact information provided to the department. This update will include the name and street address of an employee, agent or authorized representative of the vendor who is the person designated by the vendor as being responsible for the vendor's compliance with the requirements of the license; and the name and address in this state of a person designated by the vendor as the vendor's agent upon whom may be served, in the manner described in ORS 59.155, at any time any process, notice or demand in a civil proceeding brought in connection with portable electronics insurance coverage, including a proceeding brought by the Director of the Department of Consumer and Business Services.